Assistant Controller - Settlements (1892)

Aramco Americas Company•Houston, TX

About The Position

Leads strategic oversight and management of the entire receivable or payable settlements process, ensuring precision, compliance, and efficiency in accounts payable or receivable transactions. Significantly contributes to the organization's financial integrity by optimizing settlement processes through collaboration with internal and external stakeholders.

Requirements

Bachelor's Degree in Finance, Accounting, or a related field.
Minimum 12 years of progressive experience in financial management, settlements, or related roles.
Proven experience in leading and managing teams, demonstrating effective leadership skills.
In-depth understanding of financial regulations, compliance requirements, and industry standards related to settlements.
Strong analytical and problem-solving skills to navigate complex financial transactions and identify areas for improvement.
Excellent verbal and written communication skills, with the ability to convey complex financial information to various stakeholders.
Demonstrated leadership capabilities with a focus on team management, mentorship, and strategic decision-making.
Proficient in financial software and Microsoft Excel, with the ability to evaluate and implement technology solutions for process optimization.

Nice To Haves

Professional Certification, such as CPA (Certified Public Accountant) or equivalent professional accounting designation.
Master's Degree: Advanced degree in Finance, Accounting, or Business Administration.
Additional Certifications: Continued professional development and certifications related to financial management.
Experience within the relevant industry, such as energy trading, commodities, or a comparable sector.
Experience in managing settlements on a global scale, dealing with international transactions and compliance.
Ability to adapt to a dynamic and evolving industry landscape, implementing innovative solutions.
Strong strategic thinking capabilities, contributing to the development and execution of organizational financial strategies.
Effective negotiation skills for collaborating with external partners, vendors, and regulatory bodies.
Proven ability to assess and manage risks associated with financial transactions and settlements.

Responsibilities

Provide leadership and strategic oversight of the entire AR or AP settlements process.
Champion accuracy, compliance, and operational efficiency in all accounts payable or receivable transactions.
Review and approve AR or AP invoices.
Oversee the collection or payment process and address challenges causing delays.
Direct the scheduling and preparation of disbursements, obtaining requisite authorizations at a senior level.
Responsible for timely invoicing and collection of AR invoices, or payment of AP invoices.
Oversee and ensure timely resolution of issues related to the settlement process.
Manage the day-to-day tasks of team members and ensure optimal performance, including the offshore team in India.
Ensure alignment of processes with ATC Group.
Uphold and enforce organizational policies and compliance standards, ensuring adherence in settlement processes.
Oversee and work with the Financial Reporting team to ensure the maintenance of accurate and up-to-date records for AR or AP transactions.
Oversee the some monthly closing activities including inventory and derivative reconciliation process.
Collaborate at a senior level and with cross-functional teams to promptly resolve complex invoicing concerns.
Lead the evaluation of existing processes and recommend strategic improvements and automation to enhance the overall efficiency of settlement operations.
Develop and monitor relevant Key Performance Indicators (KPIs) to track and enhance the effectiveness of settlement processes.
Maintain a high-level awareness of industry’s best practices and emerging trends in settlement operations.
Provide support to the Controller in various financial initiatives and special projects as required.